So Money with Farnoosh Torabi 1864: Mistakes That Can Lead to Millions and Why Failure Can Be the Best Business Plan
Aug 11, 2025
Kim Perell, an entrepreneur and angel investor, shares the wisdom she's gained from her journey to a $235 million company sale. She argues that mistakes are invaluable assets for growth. Kim discusses the freeing '70% rule' from the Marine Corps, battling perfectionism, and the myth of job security. Delving into the importance of personal relationships in business, she emphasizes that trust trumps transactions. With personal anecdotes, she inspires listeners to embrace failure as a vital step toward success.
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Job Security Is A Dangerous Illusion
- Kim Perell says job security is a lie and external events can remove it overnight.
- Building your own skills or ventures gives far more control than relying on a 'secure' job.
Start Before You Feel Ready
- Don't wait until you feel 100% ready before starting; imperfection is normal.
- Begin with what you have, learn on the job, and refine as real feedback arrives.
A $10K Loan That Changed Everything
- Kim Perell borrowed $10,000 from her grandma to launch her first company.
- That small loan catalyzed growth and changed her entire life trajectory.
